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Search Results 0 to 47 of about 48 (some duplicates have been removed)
CNBC
Nov 9, 2012 5:00pm EST
put buyers in bank of america and citi bank today. >> if you take a look at the various sectors that will likely get hit by fiscal cliff concerns you have a trade on a stock that lives at this cross roads. retail being impacted. high end consumer as well as financial industry. >> one of the hardest hit sectors were the bank stocks. some stocks in the financial sector acted pretty decently. american express is one of them. here is the stock up 18.5%. it is used as a proxy for a high end consumer. what do we know about the fiscal cliff? we know that they made the burden. to me i took a look at american express with the stock around 56. the high volatility seemed reasonable. if you think there will be a rocky period american express could be a stock to take it on the chin. >> clearly dan is bearish today. he is buying a put spread. it is a common strategy. it is good to crackopethen playback. a bearish strategy you buy one put and sell a lower strike put to reduce costs. you want the stock to fall to the strike of the put. >> i looked out to january. the volatility at the money two mont
CNBC
Nov 8, 2012 4:00am EST
all reacting to yesterday's election result in the u.s. we'll head out to new york city later in the show for a preview of what to expect on wall street today. and more than 2,000 hand picked chinese delegates gathered at the great hall of the people to kick off the communist party week long transition. beijing will only officially reveal the next generation leaders thursday. hu jintao promised political and economic reform, but he stressed china won't abandon one party rule and will stick to the socialist path. eunice is live for us. this is his big final speech, so reading in sort of between the lines almost is very telling. it's the legacy he's trying to cath. and what less gassy is that? >> many here believe what he is saying is significant in that it is his final farewell. he really was just reading through the work report to talks about the achievements, the economic and political achievements that the party has had. and also to outline the future challenges. one of the first challenges you had already addressed is the issue of corruption. he said the government needed to do mo
CNBC
Nov 16, 2012 2:00pm EST
the gaza strip. nbc has a reporter in gaza city. it is a very tense situation. it seems to be heating up not cooling down. what is the latest right now at night where you are? >> reporter: well, you could probably see behind me it's pitch black. there's no activity here in gaza. it is the weekend. the streets should be bustling, shops should be open, but in fact all we're really hearing are the sounds of israeli drones above gaza city and the sound of israeli f-16s -- or fighter jets, rather and every once in a while we hear the sounds of loud explosions. here in gaza city we're getting reports of similar attacks all around gaza. we've confirmed an israeli air strike targeted four members of hamas' military wing. we understand all four of them were killed in that israeli air strike. every once in a while we are hearing the sounds of palestinian rockets being launched from gaza. that's on the military side of things. but from a humanitarian perspective, from here in gaza on the street level, people here are extremely anxious, extremely nervous. very much praying about what not
CNBC
Nov 12, 2012 12:00pm EST
growth as i was in september. the asian city surprise index best reading since february 2011. even the eu city surprise index, though still weak, has gone from minus 100 in june to minus 27 this week. apple is no longer the beneficiary of fund flows. it's been the source of funds for two months. no one expects a wow product anymore. so at 540 i use a dividend discount model. it implies that the market is projecting growth rate for the company of around 3% per year. i think this is too low. but even if earnings are flat over the next three years, by year end 2015, something that joe mentioned, apple is going to have a cash position of $260 a share and no debt. i'm paying $540 less $260 year end 2016 for core earnings of $45 a share. that's about 6.5 times. when the stock was 700, you backed out debt you were playing 12.5 times. >> this is simply a pricing issue for you. some of the things you mentioned as potential negatives way back when when you were bearish on the stock, overowned the competition, et cetera, weaker economy, it's not like those have gone away. >> yes. it's no longer o
CNBC
Nov 14, 2012 12:00am EST
drastically reduced funding to new jersey's cities, counties, and villages, which have their own financial problems. long-term, the situation is much, much worse. okay, let's talk about the pension obligations. >> sure. >> $46 billion unfunded liability for pensions, $66 billion unfunded for health care liability? >> yes, sir. >> that's a lot of money. >> yeah. >> that's a lot of money even for the federal government. >> that's a lot of money. >> and there are people who think it's worse. >> yeah, i think that's an optimistic view. listen, at this point, if it's worse, what's the difference? i mean, it's bad enough as it is, so what's the difference? i mean, now we're talking about money that none of us can really get our arms around. >> i mean, this is unsustainable, right? >> totally unsustainable. we have a benefit problem. it's not an income problem from the state. it's a benefit problem, and so we got to change those benefits. >> and what's the reaction been to that? >> [laughs] well, depends on where you sit. i mean, i think the general public thinks, "i can't believe anybody gets a
CNBC
Nov 13, 2012 4:00am EST
consumers in the new york city area, finding that perfect holiday gift may not be the first thing on their minds. they're continuing to clean up after hurricane sandy. before the storm struck, a majority of chains were fairly confident about the holidays expecting sales to be the same or better than last year. joining us now is executive vice president of the retail council of new york. ted, good morning. we spoke with you last just after the storm. and your sense wasn't clear yet as to what the impact would be. and that ben foit a home dae poe and the other suppliers or would it hurt results for retailers broadly speaking. do you have anymore clarity on the issue today? >> i think going into the holiday season, it's always neb's guess how it will go. this puts such a huge unknown into an already unknowable factor. and i think as you just mentioned as the home improvement stores will probably do a little bit better particularly in the new york city long island new jersey westchester areas, simply because it's a fact of life down there now and that's where people need to spend their money.
CNBC
Nov 12, 2012 4:00am EST
control over the occurrences city? >> by themselves, they wanted to, they could debate and could depreciate their currency. the fact of the matter is that they don't really want to do that. the bank of japan is more germanic in its approach. they don't think that money on its own can create economic growth and personally i must say i've got a bit of sympathy with that. >> i think the real question is japan really going to continue with this kind of negative economic outlook and whether it really can continue with a growing debt to gdp profile and whether the bank of japan will stick in its germanic root. >> you're right. the key issue is where is growth, where will growth come from. right now it's sort of easy, we have a global slowdown, particularly capital goods. that's hitting japan's exporters quite severely. question, when are we going to get a concerted government package that is pro economic growth, that involves, yes, the bank of japan, but more importantly, it involves better rules, better regulation. for example, there's a shortage of about 700,000 nurses here in japan.
CNBC
Nov 13, 2012 2:00pm EST
this tale of two cities, the question is which city is going to prevail, like an ice cube melting, name your analogy or comparison, but it is a problem. >> so, here is the situation, as i understand it the new stores, which are expensive to retrofit, are doing about twice as well in sales per square foot as the stores. the great news. >> do they have enough capital, cash, credit, whatever, to retrofit all their stores or are they sunk? >> so, there's some analysts and investors out there worried about that very issue and saying it is going to be a very close call. they have about $500 million in the bank right now. however, they need about $1 billion the next three years to retrofit properly. they do have a credit line of 1.5 billion. possible they could slow down their strategy, switch strategies, start discounting again, something they have about loathe to do and maybe get more consumers in the store. if, however, sales declines top to excel rate, those numbers change completely and this come backstory suspect a comeback story, but it is a great store rained in a way, you want t
CNBC
Nov 14, 2012 2:00pm EST
to new york city where you're going to, i assume, see people who are still suffering the effects of hurricane sandy which many people say is further evidence of how a warming globe is changing our weather. what specifically do you plan to do in a second term to tackle the issue of climate change, and do you think the political will exists in washington to pass legislation that could include some kind of a tax on carbon? >> as you know, mark, we can't attribute any particular weather event to climate change. what we do know is the temperature around the globe is increasing, faster than was predicted even ten years ago. we do know that the arctic ice cap is melting faster than was predicted even five years ago. we do know that there have been extraordinarily -- there have been an extraordinarily large number of severe weather events here in north america, but also around the globe. and i am a firm believer that climate change is real, that it is impacted by human behavior and carbon emissions, and as a consequence i think we've got an obligation to future generations to do something a
CNBC
Nov 16, 2012 4:00am EST
independence and let the government have more say in how monetary poll ol city is run. >> we're getting comments on the wire from noda where he says there is who question that government and the bank of japan need to work together to defeat inflation. where is he trying to draw the line here, is the ldp if nothing else being more honest about the fact that they're going to excerpt this prez. >> exactly. if the current institutional arrangement which does not allow the bank of japan to weaken the currency, that institutional arrangement is clearly not working. while the bank of japan does have an asset purchase program, it must be remembered that that program has done very little to weaken the yen meaningfully. it has only produced temporary successes and never a move towards a weaker yen. and given the fact that we are in a bit of a competitive devaluation game here with mr. ben bernanke running qe infinity, if you will, notally a qe-3, so japan does need to drop the pre-senses and say bank of japan is going to be buying foreign bonds. it can say the electronics industry, for on
CNBC
Nov 16, 2012 1:00pm EST
ago hamas tried to shell jerusalem. the rockets did fall short. had they hit the city, it would have been the first time since the 1967 six-day war that jerusalem had been hit by rocket fire. israel now considering calling up 75,000 reservists. that is a big deal. this picture near the gaza-israel front just came in. israeli crews preparing tanks for a possible ground incursion now. here is video of israel intercepting a rocket fired from gaza heading for a town in the southern part of the country. in the two days since israel killed hamas' military leader in response to a wave of rocket attacks against civilians in southern israel, israel's main stock index, the tel aviv 25, has fallen 2.5%. tel aviv stock exchange operates sunday to thursday. it's therefore not open today. israel stocks that trade in the u.s., of course, are active today, and that includes -- look at that picture. that includes teva down 4% for the week. givin, down 4%. they are the ones that put the camera in the pill. internet security firm checkpoint down 2%. israel's cell com is up this week based on solid
CNBC
Nov 12, 2012 1:00pm EST
because you're getting paid more in more expensive cities and so it probably is -- it does work out that way. >> tempers with flaring and fists were flying between nascar race car driver jeff gordon and clint bowyer and their crews. apparently gordon whacked in w bowyebowye bowyer's car on the final lap. >> gordon turned into bowyer and triggered a multi-car crash? what is wrong with that man? disregarding who might have been at fault. causing a multi-car crash is dangerous and unprofessional. duh. >> and it is a lack of civility here. we're supposed to have sportsmanship especially in a sport like car racing where it can be deadly to lose sportsmanship. i think this is terrible. the people involved should be ashamed of themselves. do i hope they investigate it and -- >> oh, i'm sure they are. >> hand out real punishments to these guys. >> gordon says they've got do what they've got do just like i had to do what i had to do. >> that's just a terrible way to approaching the accident. i think that's actually sickening for him to say that. he should apologize and say, the adrenalin got
CNBC
Nov 13, 2012 5:00pm EST
of it. "fast money" starts right now. >>> live from the nasdaq market site in new york city's times square i'm melissa lee. here are top three trades. tech troubles, major stumble for microsoft as the head of windows leaves. >>> plus, johnson's foley. jcpenney drops again. is ron johnson putting the viability at risk? the traders will detail that. >>> well, isn't that special? should you be betting on big, bad dividends to pay your investing accounts ahead of the fiscal cliff deadline? we have special ideas later on in the show. >>> first, facebook, losing friends in the marketplace. dropping below 20 bucks a share ahead of tomorrow's big lockup expiration, the mother of all expirations. 804 million shares could flood the market. is the selloff overdone? is it finally time to buy this dip? dan, do you think we're going to see a bounce? do you think we should buy it? >> fundamentally their challenges are well known here. this has been a technical setup. we had the lockup in august. the stock was weakened at that. we had the lockup last month. the stock was weakened at that. the stock
CNBC
Nov 8, 2012 9:00am EST
. detroit and los angeles a couple of cities they're considering. would that money go toward u.s. infrastructure, u.s. jobs? give us a rough idea of how that money might be deployed. >> yeah. so we would do both. obviously, more investment. we are growing substantially in the united states in terms of jobs. probably two thirds of employees already in the united states. even though about 95% of our revenues come offshore so we're very focused on growing in the united states. we think that we have great talent here. but of course, we are not a team with big factories. we are called chip designers and somebody builds them for us. we hope to see growth in the united states. i mean -- >> all right. we were going the lose that shot at 9:50 eastern time. >> the edge on that one. >> you want to use every single second. >> someone like paul jacobs. >> people. at home should know we knew this was coming and didn't want to let you down. bet tore hear from him than from us. this is the most important guy trying to save the market today. >> right. >> and so we did go over and that's what happ
CNBC
Nov 15, 2012 4:00am EST
israel, in particular the bigger city tel aviv. so israel taking out those rocket piles from the air, also attacking from the sea. israel's army is poised at the border of gaza, reserves are being called up for a possible ground inflation of gaza, which i think nobody actually wants, but certainly a real possibility. at the same time, palestinian rocket attacks from gaza into israel are also continuing about 150 this morning, most of the israelis have been intercepted by the dome system homemade rocket defense system. nevertheless one rocket did get through, killed three israelis. the first casualties of this operation. so far 13 palestinians have been killed in gaza. what we're waiting to see is to what extent will the continuation of the palestinian rockets be able to kill israelis. because that will be the determining factor in how long this operation goes on for and what actually happens, whether there's a ground invasion or not. israel says it's determined to end the okay ket threat from gaza. that means continuing the tacks for several days which could of course go out of contr
CNBC
Nov 9, 2012 4:00am EST
now for several weeks. >> and from today, drivers in new york city have to check their number plates before they pump gas. the mayor says based on license plates ending in odd or even numbers, drivers will be allowed to fill their tanks on alternative days. three quarters of gas stations remain closed due to super storm sandy. and in the last few minute, drinks giant has signed a deal to control spritz for $2 million. joining us is the ceo before paul, good to see you. thanks for joinings us. i presume you you now have to make an offer to all the shareholders. >> we are required to do a mandatory tender offer in the market which we will embark upon upon appropriate clearances. >> what is this company going to give you that you don't already have? >> first of all, this company has fabulous brands in the premium local category. it also has a very strong route to market. so it is the leader in the market and as you said, we'll have controlling interest. >> did this basically happen because united spirits owner needs cash? king fish airlines has been grounded by heavy debts. >> i think t
CNBC
Nov 9, 2012 9:00am EST
gasoline futures. today gasoline rationing has hit new york city. mayor bloomberg putting that into effect. can you only fill up on every other day based on your license plate number so that's something traders are talking about as well because many traders here on this floor are affected by that. we're also looking at gold prices at a tree-week high. it may not be a good thing because it's a safe haven bid. tradesers worried about the fiscal cliff. also thinking maybe we'll see more accommodative policy, another reason to bid up gold. we're seeing new buyers coming into the gold market. they're also looking at activity in the gold etfs which have been strong. looking at gold prices perhaps making that march back to the 1800 level. back to you. >> thank you, sharon epperson. jcpenney is at a crossroads, big earnings miss, two weeks before black friday. is time running out for ceo ron johnson? diageo, paul walsh, expanding their presence in india. early movers on wall street, igt up 4.5%. >>> take a look at the dow heat map. disney leading laggard down by 5%. green there, microsoft m
CNBC
Nov 16, 2012 6:00am EST
traffic and they also have key geographic locations in city center locations like london and paris and frankfurt, and what's really important about being in those locations is it gives them an advantage over their competitors in that they're able to provide lower latency, able to provide a shorter distance from point a to point b for their customers. >> so that's something you like, and you've also been looking around at a pharmaceutical company in canada. what do you see there? >> yes, valiant pharmaceutical we think is a pretty interesting not your typical pharmaceutical company. when you think about a big pharma company you think about them spending a lot of money on r&d for drug development. that's not what valeant does. they're spending 3% instead of 20% on revenue. they're going out and they're finding interesting niche drugs and drug companies and acquiring them and they're cutting the expens expenses, plugging the drugs into their distribution and able to add a lot of shareholder value by doing that. >> so what first brought to you valeant? what made you find that company?
CNBC
Nov 15, 2012 5:00pm EST
" begins right now. >>> live from the nasdaq market site in new york city's times scare, i'm melissa lee. mastering mobile. it's tripped up many chip makers. we have a conversation with the ceo of qualcomm. "breaking dawn 2" opens nationwide tomorrow. lionsgate vice chairman tells us what the company needs for the bottom line. what the unrest could mean for the markets. but first, our top story. that is the markets extending their selloffs. the s&p 500 now down nearly 8% in two months. the nasdaq 100 down 11%, firmly in correction territory. the s&p 500 has lost more than $600 billion in market cap since the president was re-elected. so the markets here? >> there's no real reason to rush in. why don't you just wait another month, month and a half or so and see how it all plays out. to me, you're looking at higher taxes and a timeline that is not conni conducive to a fix. the market needs a long-term fix. entitlements are the biggest issue and they don't have enough time to fix it. >> in terms of technicals, another select death match is out there. we're going to grind possibly lower do.
CNBC
Nov 12, 2012 2:00pm EST
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CNBC
Nov 13, 2012 9:00am EST
and see the potential. our estimate is about a $10 million market globally in the top 100 cities. so we welcome more competition. it's not new to us. we certainly had competition for years here in new york and other markets. and we've continued to expand much faster than most of our competitors for that period of time. i think the big thing for us is our brand, right? i mean, most people that think about car sharing and using cars by the hour or cars as a service think of zipcar as kind of the iconic brand. we really represent the category. and that plus our technology, and first to scale really matters in this business. i would say, first in isn't as important as first to scale. it's a classic network affects business, where scale really starts to build on itself, both in terms of marketing and technology investment. so we're going to see more competition. we knew that, we talked about that even on the road show. >> i'm sorry, you don't have deep pockets like enterprise or avis or hertz, do you? you know, they are so big. their budgets are potentially so fast. they have so many outl
CNBC
Nov 15, 2012 6:00am EST
citigroup? >> i think citi is probably one of the best values out there because the change in management will shake the company up. >> what are you expecting to actually do? >> i think what you look at o'neal and the chairman's track record at bank hawaii and you look at what he did there h-- >> have we decided o'neal is running the bank? >> if you look at what happened at ubs, i think that's a nice preamble to what citi can do. >> is there a dividend from sun trust b of a thatky collect a dividend on? >> spot on. that's the real story coming in the spring. citigroup, bank of america, regents and sun trust. >> they'll tax it at a higher rate. >> at least they're taxing something as opposed to hog. they certain can't raise them. so you think all three banks as a result of the upcoming stress tests will be able to do what, buy backs and dividends? >> i think there's a very good probability that all four, sun trust, reregents, bank of ameri and citi will be given the opportunity to both raise their dividends and buy backs. >> we'll have to run, but i've been a little bit of a mer
CNBC
Nov 15, 2012 1:00pm EST
out to chicago where sue can be found at a major investor summit in the windy city. sue? >> indeed, i am in the beautiful windy city, ty. this is the schwab impact conference. welcome to the biggest convention center in the united states and it is chock-full with some of the top investment advisors out there. we're going to be talking to a number of them. we have a terrific hour planned here from chicago. we're going to talk to the five-star rated portfolio fund manager of the permanent portfolio fund, michael kuggino. he has $17 billion under management. we'll find out how he sleeps at night in this volatile market. >>> plus, liz ann sonders, schwab's chief investment strategist is with us. she's fired up about the fiscal cliff. she says congress has to rise above -- she's wearing one of our pins, ty and simon. we'll talk to her about what the implications are if congress does not rise above. all of that straight ahead. >>> but first, i'll throw it down to simon hobbs down at the nyse. >> hi, sue. one of the immediate implications of course is the way in which the market is behavi
CNBC
Nov 14, 2012 4:00pm EST
] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. well, having a ton of locations doesn't hurt. and my daughter loves the santa. oh, ah sir. that is a customer. let's not tell mom. [ male announcer ] break from the holiday stress. fedex office. ♪ ♪ ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar tr
CNBC
Nov 13, 2012 1:00pm EST
representative gregory meeks, a democrat from new york city. mr. meeks, welcome and congratulations on your re-election. >> thank you, tyler. good being with you. >> let's talk about the fiscal cliff a little bit. what specifically would you be willing to yield on of the things that are very important to you to help us avoid the fiscal cliff? >> i think that conversation that everything's on the table is on the table. for me, it has to be balanced. we have to make sure that there are some things very important to me, like i'm sure there's some things important to my colleagues. you can't have it i know i have been talking to my constituents and letting them know that pain is going to be on the way but it has to be emquickable pain. for me, i'm with the president. everything is on the table, we have to talk, can't be why where it is one-sided and somebody tells me it has to be all cuts and no revenue. >> has anything, mr. meeks, really changed. ♪ president won re-election, he would say that is a vindication of his position. but at the same time, we have a balance of power here, a tricamera
CNBC
Nov 14, 2012 5:00pm EST
tomorrow. >>> live from the nasdaq market site in new york city's times square i'm melissa lee. starbucks strikes a deal. starbucks ceo joins us first on "fast money." is apple the new coke? a top rated analyst weighs in on why you think it might be the time to cash in on the most popular stock. we told you how to trade it last night so what should we be doing right now? we have to get to the market. we raised 1,000 points in the dow in just a the past month. and the nasdaq down 10%. what exactly is dragging the market lower? even though the loss is accelerated his first news conference since being reelected do you think it is something other than -- >> when you call me by my full name it's like i'm in trouble. >> what is it in. >> it is a great explanation. it makes for great headlines. there is a slow down in earnings that we have seen every day. there is a deteriorating situation in europe. i think it seems to be germany and france getting dragged into this thing. you have geopolitical risks. there are a number of reasons that the market is going lower not least of which is
CNBC
Nov 11, 2012 6:00am EST
of the banks. we saw put buyers in bank of america and citi bank today. people who don't want to give away that big run that they've had this year. >> if you take a look at the various sectors that will likely get hit by fiscal cliff concerns dan, you have actually got a trade on a stock that lives at this cross roads. retail being impacted. high end consumer as well as the financial industry. >> it was interesting to me, >> one of the hardest hit sectors were the bank stocks. it had do with four more years of regulation. some stocks in the financial sector acted pretty decently. american express is one of them. that's what i want to focus on here today. here is the stock up 18.5%. it is used as a proxy for a high end consumer. what do we know about the fiscal cliff? we know from the campaign that the wealthier individuals may bear the burden for getting to the numbers that we immediate to get to. to me i took a look at american express with the stock around 56. the implied volatility seemed reasonable. if you think there will be a rocky period and investors worried about pocketb
CNBC
Nov 15, 2012 9:00am EST
taxes and the citi shareholders. and how are walmart and target open for trading? we're going to get the answer to that in just about 4 1/2 minutes. >>> "todatoday a full hour with. well, having a ton of locations doesn't hurt. and my daughter loves the santa. oh, ah sir. that is a customer. let's not tell mom. [ male announcer ] break from the holiday stress. fedex office. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. >>> and welcome back. we're getting ready for the opening bell here on "squawk on the street." we're just a couple of minutes away from the open and this after a terrible day in the market. the s&p is down 7% since its september 14 peak, as is the dow. the nasdaq meantime is in correction territory.
CNBC
Nov 8, 2012 6:00am EST
. >> big cities are on the ocean. >> but to yiconvince -- they sa everybody wants to raise taxes. but to get 50% of the people to agree to raise taxes on somebody else is not that hard to do probably. but we see they'll say -- >> it sounds like with what boehner is now taking about, he's open to raising revenue through some kind of effective tax rate. >> through a bigger plan of spending -- if it's combined with spending cuts, as well. all right. let's look at john boehner and see what he had to say. >> let's rise above the disif you think and do the right thing together for our country. >> apparently there are a run on these buttons, too. andrew asked how long do we have to wear these. and i said i got a tattoo. i don't think it's about -- it's right underneath here. >> i don't want to tell you where mine is. >> our says rise above. >> it's the design, too. we're not pushing either side, we're just saying, you know -- >> this is bad for the economy. >> no one like 7.9% unemployment. we don't want 8.9%. >> but the devil is definitely in the details. the former republican governor of mich
CNBC
Nov 13, 2012 12:00pm EST
been green shoots in china. should you also be betting on a rebound there? citi's top strategist breaks it down for us. and cnbc's eamon javers joins us with a look at what else is coming up. >> reporter: i'm here at the white house in washington where the nation's top leaders are in a meeting with president obama right now about the fiscal cliff and entitlement spending. when we come back, i'll tell you what that's all about and what the odds are for a deal. all that, when we come back. [ male announcer ] trading's like a high-speed train. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills, plus anytime you need it support. ♪ stocks, options, futures, and forex. get your trading on track. thinkorswim by td ameritrade. trade commission free for 60 days, plus get up to $600 when you open an account. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] brea
CNBC
Nov 13, 2012 11:00pm EST
, pennsylvania. >> i'll tell you, that tastes like iron city beer. it tastes like coming home. >> i got weight watcher's. how do you feel about their recent change in management? >> i don't want to be greedy. i think you are greedy if you hang on to wtw. you know what, let's go to wayne in virginia. >> love your show. would like your take on moly corp. >> accounting irregularities equal sell. i understand from the papers that there are issues there involving an sec investigation. you close your eyes and you sell because there is not much to it. we have good things holding us up. understand this, we will not tolerate those who wish to crush your nest egg. we will not let people sink below. let's just say there is a special annex that i'm adding to the wall of shame. you will lose the election. "mad money" will be right back. >> coming up. cooking with gas, clean energy fuels took another step today and investors filled up on the stock. after falling from its highs earlier this year is it time to hop back onboard? we have the exclusive on today's headlines. and later, cliff notes. time is
CNBC
Nov 8, 2012 5:00pm EST
from the nasdaq market site in new york city's times square i'm melissa lee. first, election aftermath. two days since president obama's re-election. two days of pain for stocks. we'll tell you if we leaf is in sight. plus, america, the home of the free and energy independent. the boss of devon energy weighs in. carl ikon keeps getting active. tonight he's talking to fast. find out what he's got up his sleeves when it comes to netflix. straight to today's sell off. the s&p 500 dropping below the 200-day moving average. energy, tech, discretionary leading the declines here. guy, what do you make of it? >> we said 1379 is where we should probably go. we pointed out 1425 on the upside will be the resistance. it has been. you know what i think in terms of longer term. i'll say tomorrow it would not surprise me if you got data that took the s&p up 15 to 20 and it left everybody leaving on a friday not knowing where to go. shorts and longs will be confused and people have the weekend to ponder it. maybe initial move lower and to your point below the 200 day. it needs to close below
CNBC
Nov 16, 2012 5:00pm EST
of new york city's times square, i'm melissa levy. these are the trades and stocks closing on the highs of the today. only stock america is watching right now, apple. it reversed and closed flat for the session, setting up for an apple rally. analysts what did you make of the action? >> i was trading a lot of apple today, you can follow us on twitter and on the site. we were buying call spreads yes, buying more today. we were looking for cap it lags that says, i just want out, painful, painful press action. >> it's a big swoop down. >> this was the largest volume since march, the middle of march on apple. we saw it on a rapid, down $10, up $10, over the course of 30 minutes, a short-term bottom. this doesn't mean happy days are here again and apple is going back to 700. no way do i think apple hits 700 again. but it's a short-term bottom. >> the relative strength in apple hit the weakest point. we saw a quick 15% rally. apple such a big component of the market, everybody sitting here assuming that the market's movements are just out of the vagaries coming out of washington. i susp
CNBC
Nov 14, 2012 6:00am EST
in taxes. ain. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. >>> welcome back. corn prices could rise to a record $9 a bushel in the next six months. now, the firm ag resource suggests that global grain markets continue to feel the effects of severe weather disruption. corn prices looked at them recently, $7 and corn do not go together. that's where it is right now. >> they do lately. >> it's unbelievable. >> remember the drought and all the stuff that happened after that. >> it was always $3, $4. >> i remember hearing farmers back in july talking about $4.50 with it and couldn't believe where they were seeing it move. >> i thought you were going to say, i remember growing up beca
CNBC
Nov 9, 2012 4:00pm EST
the banks that got rejected last year like citi and sun trust. i think they're going to be able to push the edge of the envelope. the fed may push back. it will be give and take this time and a much smoother process. i completely agree there's plenty of capital in this industry. buybacks and dividends. we talked about it last year. we didn't get what we wanted. i hope we get more this year. i expect we will. >> one bank stock you would buy right now, anton. >> i would buy citi right now. >> all right, guys. great to have you on the program. thank you so much. we appreciate your time tonight. see you soon. really appreciate it. up next, mixed signals at jcpenney. we're going to tell you about it. the retailer is mailing a letter to customers explaining its shift away from coupons. get this, the letter has a coupon attached. this is no joke. it's real and we'll discuss what's going on with an analyst and our own herb greenberg in a few minutes. stay with us on that. >>> up next, the white house reiterating a threat today to veto any bill extending tax cuts for those making more than
CNBC
Nov 7, 2012 7:00pm EST
atlantic city. just west of atlantic city all the way through new york. now, the new york metro area is getting hit extremely hard this evening. it's like a blizzard outside. and that is a big problem. let me show you why by taking a look at some video that i actually shot just prior to sunset. it's the trees. the snow on the leaves of course brings down branches and renews all over again in terms of the power outages. let's look at other factors, a list of things to worry about with this particular storm. it's the wet snow and damaging -- that damages the trees. it's the numerous power outages as a result. it's four to eight inches of snow, which is holding up travel as well. and that's complicating the whole gas shortage situation. and cape cod and the islands, you know what they're getting? they're getting winds to 70 miles an hour this evening and some big waves as well. it won't be until tomorrow that we have a better idea of the economic impact from this winter storm. which is wreaking havoc right now across the northeast. although it will let up toward dawn. larry? >> thank you v
CNBC
Nov 8, 2012 1:00pm EST
. look at some of the amazing totals. one of the earliest snowstorms in the new york city vicinity ever. it's just one week after sandy. eight inches in queens. 13 inches in frehold, new jersey. big snowfall totals. the snow is on the trees and the trees came down. that's why the additional power outages. but if we take a look at the radar, this is all kind of breaking down at this hour. the actual storm center is not far from nantucket where they had winds to 65 miles per hour. notice how the precipitation is kind of breaking up and winding down. the storm center is almost done. that's right, we're almost done with this one. now let's talk about the next one. it is brutus and it is going to affect the northern rockies in the next several days with 6 to 12 inches of snow. northern montana, blizzard warning but overall the united states undergoes a warming trend in to the week ahead. >> i'm going to take that as a silver lining, todd. thank you very much. >>> let's turn to the markets now. we've erased our earlier gains. one day after the dow's largest drop this year, the dow is dow
CNBC
Nov 12, 2012 6:00am EST
. fifteen minutes could save you fifteen percent or more. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. >>> welcome back to "squawk box" everyone. in our headline this is monday morning, republicans and democrats making the rounds on the sunday talk shows sounding optimistic notes on striking a deal to avoid the so-called fiscal cliff. that could help wall street's mood with the dow and s&p 500 coming off their biggest weekly losses in five months. lot of that was because of the fiscal cliff related worries. >>> also toys "r" us and target say they will start black friday on thursday, on thanksgiving day itself. toys "r" us will open its stores at 8:00 p.m. on thanksgiving night, target will o
CNBC
Nov 12, 2012 9:00am EST
disney getting an upgrade after getting battered last week. citi upgrading from buy to neutral. they are saying that lucas films acquisition will weigh short terms on profits but it paves the way for a good 2014 and 2015. stock is moving up higher in line with markets. we watch shares of leucadia. nice run. down 1.8% now. >> jeffries up 15%, 16%. the deal we've talked about this morning. bob is talking about richard who will be ceo of the combined company. two very large shareholders in leucadia am mr. steinberg and mr. cummings. leucadia 9.4% annualized return since the beginning of 2000. over the last 12, almost 13 years. jeffries at 9.2%. compared to 1.6% for the s&p. wouldn't know that. my other favorite chart. we can't show it to you here because we don't have it ready for you. nobody tells you your hair looks like that. >> looks good. >> look at those numbers. >> how far behind this bank group is incredible. >> jeffries up 159% since 2000. >> great chart. >> they hope they can do more of the same. obviously existing jeffries shareholders will participate. they're not going to have
CNBC
Nov 14, 2012 4:00am EST
is more conservative and has funded the economic rise of the city that he governs with massive amounts of debt. these two men, they straddle the youth league faction, but li is considered more of a reformist, while yu is considered more conservative. zhang was passed over at last congress. he's a princeling, talking sometimes brutal style. on the end of this wall right here, we have the underdogs, liu would be the first woman. and wang is the first of a new generation of reformers. thoughts are he might be a little bit too reformist. kelly? >> thanks for that. you mentioned that wang yang right there may be too reformist. does that reflect more broadly a sense that while maintaining the reforms of the current regroup that we're not necessarily going to see an aggressively more reformist china? >> i think the style in china particularly the communist party is to carefully word any kind of talk of reform, and wang yang, like i said, he represents a new generation of reformers that are asking for it a little bit more forcefully. now, he did hold elections in the province that he g
CNBC
Nov 13, 2012 6:00am EST
with a 16-13 overtime win over kansas city. roethlisberger is like a giant when i see him play. he's like wide. he left the game -- you got to be big to hurt his right shoulder. byron leftwich completed 7-14 for 73 yards. steelers are 8-0 at heinz field on monday nights since the stadium opened back in 2001. >> and in corporate news, jcpenney stock falling another $3 to close at just below $18, the lowest price since march of 2009. take a look at that chart. when the united states was back in recession, it's been a while. in my column this morning, i look at ceo ron johnson and we'll have bill ackman on to talk about this. i was looking that you all the things that ron johnson has been saying. he religiously seems to compare himself and the company to apple. he really believes that he is -- >> part of the apple magic? >> he's redoing apple. he said staph jobs had a hard time back this early 2000 you when he first got the job and i've seen this, he claims he's seen this movie before. i'm a little worried that the movie doesn't he said the same way the apple movie ends. and i think the
CNBC
Nov 8, 2012 12:00pm EST
financial, i did add to b of a. >> okay. >> i did add to citi. i have j.p. morgan and,a ig. i added to aig before yesterday and maybe it was early. actually it was early because the stock was lower, but the financial story has not changed. >> b of a is one of them. >> exactly, and we don't need them to upgrade and they're cheap relative to book and i know the earnings model has changed and i'm not welcome to elizabeth warren into the fold so that's not going to be a good thing and i still think that the picture is as bad as it's going to get and the reality was pretty good that they're taking great market share from the european banks and to stephanie's point on housing, that's another way to play housing. credit quality has vastly improved and in terms of to joe's point and in terms of playing on the margin and positioning yourself for a bullish move in the market i'm not there. fourth quarter earnings are going come down even more. europe's getting worse, not better. >> josh? >> i just wanted to interject, something stephanie said made a lot of sense to me, but i think it's an early
CNBC
Nov 15, 2012 2:00pm EST
flew over parts of other parts of the city and the region that had been impacted, there's still a lot of clean-up to do. people still needrgency help. they still need heat. they still need power. they still need food. they still need shelter. kids are still trying to figure out where they're going to be going to school. so there's a lot of short-term immediate stuff that has to be dealt with and we are going to make sure that we stay here as long as people need that immediate help. that's fema's primary task. we'll be coordinating closely with state and local governments to make sure folks are getting the short-term help. but what we've also already heard there's going to be some long-term rebuilding that's required. you look at this block and you know that this is a community that is deeply rooted. most of the folks that i met here have been here 20, 30, 50 years. they don't want to see their community uprooted. but there's got to be a plan for rebuilding. that plan's going to have to be coordinated and there's got to be resources. what i've attempted to do is work with senator c
CNBC
Nov 8, 2012 7:00pm EST
each day, that system's working so well in new york city and the long island counties are mandating odd/even beginning friday. one more sign of sandy's impact. new york governor andrew cuomo estimates the damage in his state, alone, at $33 billion. cuomo assailed the power companies. he called for a ground-up redesign of the power and fuel supply systems. but i think what he ought to do is open the door to some deregulation and free market competition. this especially for the power companies. let the marketplace work, governor cuomo. you'd have better results during emergencies or nonemergencies. >>> anyway, coming up here, president obama wasn't the only big winner on tuesday night. the polling industry kind of nailed it. top pollster ed gullas is up next. ♪ [ male announcer ] a european-inspired suspension, but not from germany. ♪ a powerful, fuel-efficient engine, but it's not from japan. ♪ it's a car like no other... inspired by a place like no other. introducing the all-new 2013 chevrolet malibu, our greatest malibu ever. ♪ we believe the more you know, the better you t
CNBC
Nov 9, 2012 6:00am EST
the state level, at the county level, at the city level and in the banking business we're extremely concerned about municipals right now. they also have this problem, and i think your previous comments about, you know, the public unions taking on private enterprise, i think that's going to be a big fight here in the coming months that are coming about and all i can tell you is that main street america today is getting ready to lock up and if they lock up, we're going to go back into a recession. >> thanks, rusty. we appreciate your time today. we have to run. >>> coming up, ralph schlosstein on the fiscal cliff and a lot more after this. maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. ♪ nespresso. where there's a coffee to match my every mood. ♪ where just one touch creates the perfect cup. where every cappuccino and latte is made with fresh mil
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